Los Angeles Clippers forward Blake Griffin agreed a 5-year deal extension, the team asserted.
The extension had been predicted as sources said earlier in the month that Griffin had informed team officials that he intended to sign an extension with the club.
Griffin could earn as much as $95 million during the course of the 5-year extension if he is voted an All-Star starter again or named to a 2nd All-NBA team next season under the supposed “Derrick Rose Rule” in the new collective bargaining agreement. The rule allows a player finishing his rookie contract to make 30% of a team’s income cap – up from 25% – if he’s twice been voted an All-Star starter, twice been voted All-NBA or won an MVP award.
Under another clause in the new CBA, rookies may extend their agreements by 4 years. Nonetheless a team may designate one player to sign a 5-year extension. Basketball spreads
Griffin was always going to be the Clippers’ delegated player, according to sources in the organization. Nevertheless had Eric Gordon not been traded to the Hornets last December as a part of the Chris Paul trade, it might have created a problem.
With Griffin the sole player on the Clippers’ muster in line for such an extension and his place in the league decisively established – he was the rookie of the year in 2011 Along with a 2-time All-Star – he was given the designation.
Griffin’s extension starts with the 2013-14 season. He would be in a position to opt out of the last season of the contract but is otherwise committed to the organization thru 2018.
He’ll earn $7.2 million next season.
Since drafting Griffin No. 1 overall in 2009, the Clippers have attempted to enclose him with a mix of talented young players and veterans that would help him succeed and the franchises win. That process accelerated last season when the Clippers acquired All-Star point guards Chris Paul and Chauncey Billups and signed small forward Caron Butler. The Clippers came 5th in the Western Conference and advanced to the 2nd round of the playoffs, where they were swept by the Spurs.
The Clippers have added forward Lamar Odom and guard Jamal Crawford so far this summer.
“I feel good about them [the Clippers],” Griffin said last weekend. “Like I’ve said, everything’s been positive. Everything’s been moving forward. It has been a good experience. I am not a believer in breaking up something that is working.”
As for Paul, Griffin said he did not read much into his decision to attend on signing an extension with the team.
“I wasn’t expecting him to re-sign this summer,” Griffin expounded. “I don’t think any person who knows anything about it did. But we’ll work on that across the season.”
Paul was eligible to sign a 3-year, $60 million extension this summer. However, he will be able to sign a 5-year, $108 million extension next summer.
“I’ll wait until next summer to choose everything,” Paul recounted.
Paul agreed to modify his deal after 1st talks with previous GM Neil Olshey, who’d been given authorization by the Hornets to speak with him before the trade was completed.